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What to do w/ extra cash?

JoAnn said:
If you have a good broker or financial adviser, I suggest you talk to them. If not..get one. Ours has been a big help.
OR......send Joan down here with it and she and I can 'invest' it for you :cheer:
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==========================

JoAnn, We talked to our advisor, but I want more options..

We'll be in Pompano and Palm Beach in April...The 2.5 to 3 hr. ride (one way) is a little much.... I'll let you know if we decide to visit....Say Hey to Gerry and Dakota...
 
donnaval said:
Prices in our area never fluctuated all the wildly. And the demand for good investment property seems to be pretty strong, judging by sales.

As for taking a loss, well it would be more like taking less profit--we've owned these properties for a long time and have very low bottom-line requirements from them.
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Excellent! I'm glad to know that someone can still sell and be ahead!
 
GM Demand Notes

They're paying over 5% right now. Only kicker is you have to be related to a GM employee (or retiree) to do this. It's a money market account so you'd have almost immediate access (writing a check).

Perhaps there is something similar to this with an your employer of one of someone in your family. Also check into credit units.

Carta said:
I have an extra $500 per month to save. Where do I put it without losing money?... CD, savings accnt, IRA, etc??? .........
Thanks..........Carta

ps....Like everyone else, my retirement fund is losing money.....
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Extra Cash?

What is a "CD"? Is this an American abbreviation for something? My wife and I have pondered this question about what to do with the extra cash if we were to downsize to a condo from our house. Even with the lower market value of real estate here in Vancouver, I think that the equity growth with our house will be a better return than other investments.:confused: Thank you for your valued responses.:wave:
Ted Wilson
 
What is a CD?

Ted said:
What is a "CD"? Ted Wilson
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A certificate of deposit or CD is a time deposit, a financial product commonly offered to consumers by banks, thrift institutions, and credit unions. A fixed term from 1 month to 5 years with a fixed interest that goes up with the term.
 
This is what we call a GIC in Canada. Guaranteed Investment Certificates. Thank you.:)

VictorB said:
A certificate of deposit or CD is a time deposit, a financial product commonly offered to consumers by banks, thrift institutions, and credit unions. A fixed term from 1 month to 5 years with a fixed interest that goes up with the term.
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Some online banks (Citi and Capital One come to mind) have online savings accounts that reap a whopping 2.5-3% interest. But unlike CDs you have quicker access to your funds. It's a good way to build up a small nest egg.
Capital One also has an account which gets interest AND Capital One Miles..."what's in your wallet. :D
 
Just my opinion and not sure if it is allowed to say this, but I would not invest with Citi at this time. They are definitely having issues, just listened to the news about them. If only to avoid any inconvenience.
 
If I had the extra cash, and everything in my financial world was secure and planned for, I think personally it would be a good time to buy a condo in a market like Vegas or Miami.

I don't think the market is at a true bottom yet, but I think it's quite close.

Of course you would have to have a high tolerance for risk, but I think for a long term investment, a condo in a depressed market could pay off.

Either that or you could start dollar cost averaging into a broad based ETF such as SPY, QQQ or DIA etc.

But again you have to have a tolerance for risk and a long term outlook, meaning 10+ years.

If long term things aren't for you, look at an online saving account at ING etc. or buy CD's with a laddered approach as someone mentioned previously.

Just my two cents. Good luck, let us know what you decide. :)
 
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